@Feras Saffarmy PMs take care of screening and I don't worry about it

@Greg Heden here's a funny story along your question.Seattle investor came to City of Detroit and his plan was to over-improve Class C rentals to get the "best" tenants that would appreciate the higher quality of home, pay above market for it, take better care if it, stay longer to reduce turnover costs and avoid rent nonpayment issues.After 2 years of trying to do this on his own, reality won and he hired us (we initially spoke with before he started and warned we didn't think it would work). 

Read your contract and see what kind of notice you have to give them. 

Thanks in advance to all of you for taking the time to read and respond to the post!

Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!

I'll typically contract work out, unless it's something I can handle myself - Residential purchases to turn into rentals (12 months or longer)I read a few posts and did some research, but I want to be sure I am selecting the right NAICS code.

Please post this liability waiver when you draft it will be entertaining to read 

Charging the market rate ensures you have funds available to care for the property.

This additional capital can then be used to acquire another investment property or for other investment purposes.Cost Considerations: Before proceeding with renovations, carefully evaluate the cost of updates relative to the potential increase in property value and rental income.

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